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Australia

Possible EUR/AUD Short position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe 1-2 Days Actions on - A – Activating Event Market will meet resistance in zone @1.586 - .... and fall to the 1.576. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 1.576 FX:EURAUD Trade Management Entered @ ..... Stop Loss @ ..... Target 1 @ 1.576 Target 2 @ .... Risk/Reward @ 3.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
1
ASX set for Trend Reversal. Bearish Divergence WeeklyHi all, as you can see on the weekly time frame (also monthly) we are witnessing positive price action for the ASX. Although positive price action is generally celebrated, it needs to be backed up with positive movements in relative strength, which in this case is not happening. As you will see on the chart published, despite the positive price action we experienced a lower high on the RSI, which during an uptrend can often be an early indicator for a trend change. This is commonly known as an RSI Bearish Divergence. Due to this, I am opening a long term short position in which I expect significant downside movement, and since being so close to the recent weekly high, I only have to risk a minimal % of my position. Anyone who follows me will know that these are my ideal trading set ups and I will more often then not open positions when these set ups occur.
ASX:ASX
by CryptOReilly
4
TRADE ANALYSIS: NZDUSD SITS AT TRENDLINE RESISTANCEThe NZDUSD could see some short-term downside as price sits at the trendline resistance highs. Price has tried to break higher on a few occasions with no luck so far and with the USD looking likely to continue to the $97.50 resistance we could see NZDUSD head back towards to the trendline support. This market is in a consolidation pattern meaning that we must wait for added confirmation before looking for key high probability trading opportunities.
Short
by BlueberryMarkets
2
For Trade War Pulse Proxy, Look to AUDUSDI wrote quite a bit about overall trade war sentiment here and in general I still do think that in spite of the influence officials may have on this pair it still may react negatively to trade war sentiment, but probably much more on potential capital flows if tariffs are put back into place. But the easier way to find a relationship between trade war sentiment and markets is the proxy of AUDUSD. This price movement is much more reflective of that sentiment, which is rhetorically breaking down, since Australia's economy is much more dependent upon China's economy than most countries or major currency pairs. For this pair, my forecast is with the trend in that it continues down in spite of Fed doveishness. Still trailing under the 200 day exponential moving average and RSI in addition to stochastic suggest we should sell. If you like this assessment and prefer a bit more analysis on financial matters, then please check out more of my content here www.anthonylaurence.wordpress.com
by WhiskeyTangoFoxtrot3